Donald Trump’s Presidency and Your Investment Portfolio
Whether you’re concerned, elated or just baffled by the new world order, unless you stick to a solid plan, your emotions can steer you into making a mistake that’ll cost you “Big League.”


Political news has been dominating the headlines since the start of the election cycle last year, and it doesn’t look like it’s going to be letting up anytime soon. After a strong end to 2016, we have started off 2017 equally as strong. This has led people to ask me what I think about the markets going forward.
There’s a saying that markets have a way of making people look foolish, especially if you think you can predict what will happen next. I don’t pretend to know what will happen. But whatever your feelings are right now — positive or negative — my advice is always the same: Don’t put your emotions in the driver’s seat of your portfolio.
Here’s why.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
A little bit of history
In 25 years, I’ve yet to see a situation where political news justified abandoning a thoughtful, disciplined and diversified approach to personal investing. That’s a period of time that saw the longest economic expansions on record (according to the National Bureau of Economic Research), the largest recession in the modern age, four presidents from two parties and the biggest terrorist attack in history on American soil.
Look back a little further, and, in no particular order, we’ve seen political scandals, a presidential assassination, the brink of hostilities between the U.S. and the former Soviet Union, and the fall of the Berlin Wall.
And yet, all the major indexes recently hit historic highs.
Even though past performance doesn’t guarantee future returns, the example is illustrative: Despite what has arguably been a lot of turmoil and change over the years, the economy has a way of continuing to march forward when time is on your side.
Responsible investors don’t react – they plan
In other words, failing to plan because you’re either too excited or too fearful is, as the saying goes, planning to fail. Procrastination and “analysis paralysis” are real risks — and a big mistake.
It’s my opinion that the best thing you can do in any environment is to build a thoughtful and diversified approach to your portfolio, and to stick with that program. This especially applies to long-term time horizons: If you’re planning to retire in 20 years, you’ll see at least three presidential administrations in that time — and you’ll probably see a whole lot of other things, too. But discipline, planning and a prudent approach to risk can help to see you through it.
Of course, if you’re working with a shorter time horizon, your needs will almost certainly be different. You might need to adjust the risk in your portfolio, and you may need to adapt your plans for potential volatility. However, that’s just good planning: These are steps that I would advise no matter what’s going on in Washington.
Use this moment for something good
When it comes to politics, whether you’ve been concerned, elated, indifferent or distracted in response to all the news, times of heightened emotions can be put to good use. Sentiment shouldn’t have a seat at the table when it comes to investing, but strong feelings can help push you to the table.
Concerns about risk and volatility should spur candid conversations with your adviser about the risk parameters in your portfolio and whether they’re in line with your expectations and needs. Feelings of uncertainty about the future are an opportunity to talk about discipline and the important role that uncertainty always plays in a diversified portfolio.
In situations where you’re having trouble relating to your adviser or aren’t sure whether your portfolio is doing what you need it to be doing, times of emotion can help you reassess your advisory relationship and whether it’s meeting your needs.
Staying with the big picture
What’s important to remember is this: While the markets are often emotional, investing shouldn’t be.
The way we talk about your portfolio and your strategy should be methodical, thoughtful and based on an honest assessment of your needs and the information we have. No one can predict what’s going to happen in the long run, which is why prudence and discipline are so important in investing.
Whether you’re feeling concerned, elated or something else entirely, use this opportunity to build a robust plan for your finances — and if you’re looking for advice or want to talk, I’m always available.
Written by Bradford Pine with Anna B. Wroblewska. Brad is a wealth adviser and president of Bradford Pine Wealth Group, based in Garden City, New York. BP Wealth Group assists individuals and entrepreneurs to create wealth, simplify their lives and plan for retirement.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Brad Pine is a wealth adviser and president of Bradford Pine Wealth Group, based in Garden City, N.Y. BP Wealth Group assists individuals and entrepreneurs to create wealth, simplify their lives and plan for retirement. Honesty, integrity and reliability are the foundations of Pine's investment philosophy.
-
The Best Aerospace and Defense ETFs to Buy
The best aerospace and defense ETFs can help investors capitalize on higher government defense spending or hedge against the potential of a large-scale conflict.
-
Walmart Takes on Prime Day With Competing July Deals Event
Walmart is launching its own multi-day sales event to rival Amazon Prime Day — and it could be a smart time to shop, even if you're not a member.
-
Roth IRA Conversions in the Summer? Why Now May Be the Sweet Spot
Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.
-
A Financial Expert's Three Steps to Becoming Debt-Free (Even in This Economy)
If debt has you spiraling, now is the time to take a few common-sense steps to help knock it down and get it under control.
-
I'm an Insurance Expert: This Is How Your Insurance Protects You While You're on Vacation
Here are three key things to consider about your insurance (auto, property and health) when traveling within the U.S., including coverage for rental cars, personal belongings and medical emergencies.
-
Investing Professionals Agree: Discipline Beats Drama Right Now
Big portfolio adjustments can do more harm than good. Financial experts suggest making thoughtful, strategic moves that fit your long-term goals.
-
'Doing Something' Because of Volatility Can Hurt You: Portfolio Manager Recommends Doing This Instead
Yes, it's hard, but if you tune out the siren song of high-flying sectors, resist acting on impulse and focus on your goals, you and your portfolio could be much better off.
-
Social Security's First Beneficiary Lived to Be 100: Will You?
Ida May Fuller, Social Security's first beneficiary, retired in 1939 and died in 1975. Today, we should all be planning for a retirement that's as long as Ida's.
-
An Investment Strategist Demystifies Direct Indexing: Is It for You?
You've heard of mutual funds and ETFs, but direct indexing may be a new concept ... one that could offer greater flexibility and possible tax savings.
-
Q2 2025 Post-Mortem: Rebound, Risks and Generational Shifts
As the third quarter gets underway, here are some takeaways from the market's second-quarter performance to consider as you make investment decisions.